South Carolina · statute · S.C. Code tit. 33, ch. 53 · 5 active provisions
Every business trust created at common law in this State or doing business in this State under an express trust instrument by which property is held and managed by one or more trustees for the benefit and profit of such persons as may be or may become holders of transferable certificates evidencing beneficial interest…
Real estate may be acquired, conveyed and mortgaged by the trustees in the name given to or used by the business trust.
A business trust shall not be affected by any rule against perpetuities.
A business trust may sue or be sued in the name and style by which it conducts business without naming the individual shareholders therein, and the liability of such business trust shall extend to the whole of the trust estate, or so much thereof as may be necessary to discharge such liability, but the instrument creat…
Service of process may be made on any business trust organized in this State or doing business in this State in the same manner that domestic and foreign corporations, respectively, are served.